Senior Legal Counsel

DTCC

  • London
  • Permanent
  • Full-time
  • 2 months ago
Job Category: Legal, Compliance & Regulatory RelationsJob Description:Are you ready to make an impact at DTCC?Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.Pay and Benefits:
  • Competitive compensation, including base pay and annual incentive
  • Comprehensive health and life insurance and well-being benefits, based on location
  • Pension / Retirement benefits
  • Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
  • DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
The impact you will have in this role:Being a member of the Counsel's office team and reporting to the Head of Legal - EMEA, the Senior Legal Counsel will be located in the London office, act as legal contact for DTCC businesses in London and abroad and take responsibility for the provision of advice with a view to crafting and implementing measures to align with legal or regulatory requirements while mitigating risks. We are looking to hire an experienced lawyer with a keen interest in EU and UK financial services regulatory work, offering solutions to the marketplace, an inquisitive, growth mindset and an enthusiastic attitude, looking to flourish in a supportive and collaborative environment. This will involve working closely with colleagues and partners throughout the organization, locally and globally. We are looking for a lawyer that can be autonomous in their role, leveraging the support that the team provides as appropriate.Your Primary Responsibilities:
  • Proactive, and operate with a good degree of autonomy to facilitate and support DTCC business
  • Ability to understand sophisticated technical issues and provide accurate and commercial advice to the business on a wide range of topics under English and European Union law reliably and within the required timeframes
  • Support the management of legal issues across regulated and unregulated businesses in EMEA
  • Lead matters and projects, engaging effectively with cross-functional teams (e.g. Compliance, Business, Product, Tech, Operations, and Sales) fostering and building relationships built on trust
  • Collaborate with other members of the Legal team, both in the Americas and APAC regions, to ensure continuous improvement and a consistent approach to legal issues, form agreements, policies and procedures across the DTCC business
  • Assist with reviewing, drafting and negotiating a wide range of contracts balancing commercial objectives, operational requirements, regulatory requirements and risk management imperatives
  • Regulatory horizon scanning to devise effective solutions in collaboration with Legal, Compliance and Management, to develop efficient defense strategies and protect the business from risks, including by providing advice on the development and structuring of new business initiatives, new products and service offerings, transaction execution and legal and regulatory change
  • Maintain sound governance practices and monitoring the effectiveness of controls
  • Experience with incident responses and/or investigations
  • Provide regular updates on matters to the Head of Legal - EMEA and act as a key support in managing relationships with the regulators, industry associations and other institutions by keeping up with regulatory changes and updates
  • Handle other routine corporate legal matters or ad-hoc projects or questions, at times on tight deadlines, as requested
  • Mitigate risk by following established procedures, spotting key errors and demonstrating strong ethical behavior
**NOTE: The Primary Responsibilities of this role are not limited to the details above. **Qualifications:
  • 5 to 12 years PQE or equivalent
  • Bachelor's degree preferred or equivalent experience
Talents Needed for Success:
  • 5 to 12 years qualified lawyer entitled to practise in the UK (e.g. solicitor or barrister with current practising certificate for England and Wales)
  • Experience as a practicing lawyer gained in private practice with a focus on financial services law, with experience working in a heavily regulated environment (preferably the financial services industry with knowledge of regulatory requirements in UK markets and/or dealing with regulatory agencies), ideally followed by in-house experience in a regulated financial entity
  • An interest in technological development in the financial sector will be an advantage
  • Experience and interest in general contract, corporate and commercial law
  • Proven understanding of the requirements of legal risk management to facilitate business in compliance with regulatory requirements, internal policies and procedures, and within risk tolerances
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.About Us:With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC's subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at or connect with us on , , , and .DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.Learn more about Clearance and Settlement by .About the Team: The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.The Legal Department, a unit of DTCC's General Counsel's Office, is responsible for performing legal and regulatory functions for DTCC and its subsidiaries.

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